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This study examined whether family-owned firms have advantages for accessing external financial sources for growth. Especially in developing countries with imperfect markets, firms can face difficulties accessing external financing sources; however, family-owned firms might have some advantages...
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The optimal investment-dividend policy of a financially constrained firm whose earnings are subject to additive shocks …
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more likely to increase labor, to expand investment and to possess optimistic business plans. However, we find evidence …
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The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...
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